T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,633 shares of the Wireless communications provider’s stock after acquiring an additional 623 shares during the quarter. Larson Financial Group LLC’s holdings in T-Mobile US were worth $3,020,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. EntryPoint Capital LLC increased its holdings in T-Mobile US by 80.7% in the 1st quarter. EntryPoint Capital LLC now owns 253 shares of the Wireless communications provider’s stock worth $41,000 after buying an additional 113 shares during the period. CreativeOne Wealth LLC acquired a new stake in shares of T-Mobile US in the first quarter worth $267,000. 1832 Asset Management L.P. purchased a new position in shares of T-Mobile US during the first quarter worth $2,742,000. LRI Investments LLC acquired a new position in T-Mobile US during the first quarter valued at $116,000. Finally, Caxton Associates LP purchased a new stake in T-Mobile US in the first quarter valued at $5,137,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $238.28 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US, Inc. has a 1 year low of $147.96 and a 1 year high of $242.43. The firm has a market capitalization of $276.52 billion, a PE ratio of 27.17, a P/E/G ratio of 1.21 and a beta of 0.50. The business’s 50 day moving average price is $219.58 and its 200-day moving average price is $195.16.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.82 EPS. As a group, equities research analysts expect that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.48%. T-Mobile US’s payout ratio is 29.65%.

Insiders Place Their Bets

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the sale, the insider now directly owns 119,687 shares of the company’s stock, valued at $24,571,741.10. This trade represents a 2.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the transaction, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 343,456 shares of company stock valued at $73,405,131 in the last ninety days. 0.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TMUS has been the topic of several analyst reports. Daiwa America raised T-Mobile US to a “hold” rating in a report on Friday, October 25th. KeyCorp raised their price objective on shares of T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. TD Cowen lifted their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Evercore ISI increased their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Benchmark lifted their price objective on shares of T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $241.83.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.